Revise your worksheet to reflect these updated assumptions and then answer the questions that follow. Cash Accounts receivable Inventory Long-term assets Total assets Current $ 68,000 38,000 98,000 222,100 $426,100 Previous $ 58 , 43,000 78,000 153,000 $ 392,080 Current liabilities Long-term liabilities Total liabilities Stockholders' equity Total liabilities and stockholders' equity Current $ 78,000 116,000 194,000 232,180 $426,100 Previous $ 68,000 106,000 174,000 158,000 $ 332,000 Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Net Income Current $390,000 222,500 58,888 11,800 23,600 $ 74,100 Required: 1. Use your spreadsheet to recalculate the ratios and enter your results here: (Round your answers to 2 decimal places.) days tim Ratio Receivables tumover ratio Average collection period Inventory turnover ratio Average days in inventory Current ratio Acid-test ratio Debt to equity ratio Times interest eamed ratio days 181 inter 3. Every liquidity ratio is calculated using one or more accounts A high current rallo indicates that a company has current assets to pay current liabilities as they became due